Texas-based LNG export facility developer, Tellurian Inc. (ticker: TELL), has entered into a six-month time charter contract with Maran Gas Maritime Inc. for an LNG tanker, the Maran Gas Mystras. Tellurian took delivery of the tanker at Galle, Sri Lanka Oct. 1, the company said in a press release.
President and CEO Meg Gentle said, “As winter approaches, we will begin buying and delivering LNG on the Maran Gas Mystras, one of the most efficient vessels in the Maran Gas fleet. Developing our LNG marketing capabilities now prepares us to be one of the most flexible, competitive, and reliable LNG suppliers when Driftwood LNG begins operations in 2022.”
Tellurian said the tanker’s owner is the gas shipping unit of the Angelicoussis Shipping Group, a private company founded in 1947 and based in Athens, Greece.
Tellurian is building a natural gas business that includes development of the Driftwood LNG terminal, a ~ 26 mtpa LNG export facility, and an associated pipeline. Tellurian said it intends to develop low-cost natural gas-related infrastructure to deliver natural gas to customers worldwide.